Philippines Car Rental Market Driven by Favorable Government Initiatives and Expansion of the Car Rental Network in the Non Metropolitan Regions: Ken Research

Key Findings

• Low speed of internet does not allow the internet based booking system to be well accepted by the customers. The country ranks 74th out of 77 countries in terms of 4G speed.
• The metropolitan regions in Philippines have already been captured by Grab and hence there is very little prospect of high growth in demand from these regions
• National Economic and Development Authority in Philippines, plans to develop the infrastructure, education and healthcare in the cities as the country expects shift from rural to urban regions in huge numbers by 2050.

Government Initiatives to Promote Tourism and Business: Philippines Government is updating its National Plan for Tourism, by redeveloping cities, reducing seasonality and strengthening economic linkages to promote business environment and position Philippines as a MICE destination. The Government has also been planning to develop infrastructure to improve tourism by planning to construct new Airports.

Cab Aggregator Market to be Driven by the Demand from Non Metropolitan regions: The Cab aggregator market, well established in the metro cities, has not been able to set up a wide network in the non metropolitan regions. Grab, the market leader, has been able to capture the metropolitan regions and the new players are focusing on establishing themselves in the non metro cities so as to be able to tap on the un-catered market.

Introduction of Electric Vehicles: With sustainable development as one its main thrusts, the Philippine government has been emphasizing on the use of electric vehicles across the country, especially as a form of public transportation. The establishment of “green cities” is also expected to generate higher demand for e-vehicles for public transportation.

Analysts at Ken Research in their latest publication “Philippines Car Rental, Car Leasing, Cab Aggregator and Yellow Taxi Market Outlook to 2023 – Driven by Planned Fleet Addition and Growth in Tourism and Construction Sector” believe that the car rental market in Philippines will grow due to intense competition amongst the major domestic players to grab the maximum market share by aiming to provide better value added services and as many benefits and promotional offers.

For more information, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/philippines-car-rental-cab-aggregator-yellow-taxi-market/195627-100.html

Key Segments Covered

Car Rental Market By
• Purpose of Hire
 Leisure
 Business
 Insurance Replacement
• Region
 Luzon
 Visayas
 Mindanao
• Type of Car
 Economy
 SUV/AUV
 Premium
• Booking Type
 Offline
 Online and App Booking

Car Leasing Market
• Duration of Lease
 First Year
 Second Year
 Third Year
 Four Year or More
• By Region
 Luzon
 Visayas
 Mindanao
 Sedans
• Type of Car
 Sedans
 SUV/AUV
 Premium

Cab Aggregator Market
• Region
 Metropolitan
 Non Metropolitan

Yellow Taxi (Key Parameters and Fleet Size)

Key Target Audience
• Car Rental Companies
• Cab Aggregator Companies
• Car Leasing Companies
• Automobile Companies
• Tourism Companies
• Corporate Sector
• Hospitality Sector

Time Period Captured in the Report:
• Historical Period: 2013-2018
• Forecast Period: 2018-2023E

Companies Covered:
• Avis
• Budget
• Nissan
• Europcar
• Hertz
• Orix
• Diamond Rental
• Grab
• Owto
• Hirna
• Go Lag
• U Hope
• Micab

Key Topics Covered in the Report
• Executive Summary
• Research Methodology
• Car Rental Market
• Car Leasing Market
• Cab Aggregator Market
• Snapshot on Yellow taxi

Related Reports
https://www.kenresearch.ae/automotive-transportation-and-warehousing/automotive-and-automotive-components/south-africa-car-rental-leasing-market/181686-100.html
The report provides a comprehensive analysis on the Car Rental and Leasing and Cab Aggregator industry of South Africa. The report covers introduction on South Africa Car Rental and Leasing market, business model of car rental and leasing companies, market size by revenue (2013-2018), market segmentation on the basis of region, type of booking, type of end user, competitive landscape in the industry, shares and company profiles of major players in the market, future outlook for the market (2018-2023) including estimated market size in terms of revenue, market segmentation on the basis of region and type of booking, issues and challenges and growth drivers for the market. The report also includes an introduction on South Africa Cab Aggregator market, business model, market size by revenue (2014-2018), market segmentation on the basis of region, competitive landscape in the industry, shares and company profiles of major players in the market, future outlook for the market (2018-2023) including estimated market size in terms of revenue and regulatory norms in South Africa taxi market. There are snapshots on the Minibus Taxi Market, Metered Taxi Market and Airport Transfers in South Africa.

https://www.kenresearch.ae/automotive-transportation-and-warehousing/automotive-and-automotive-components/kuwait-vehicle-leasing-market/175021-100.html
The report provides a comprehensive analysis of the long term vehicle leasing market in Kuwait. The report covers market size of Kuwait long term vehicle leasing market in terms of revenue and fleet size, segmentation on the basis of end users (Oil & Gas sector, Government sector, Construction, Logistics and Transportation and others), by regions (Southern, Central, Northern region), by type of vendor (Vehicle dealer and Vehicle leaser), by Duration of lease (One year, two years, three years and four year and above) on the basis of fleet size. The report also covers car leasing eco-system from demand side and supply side, trends and developments, regulatory scenario and a case study on ‘Automak’ company and its success factors and key operation metrics. Competitive landscape of the industry and comprehensive profile of leading players (Automak, Aayan Auto, Al Sayer, Al Mulla, Sefeena, KGL, Autolease and others), Market share of major players in the market, competition success factor have been covered in the report. The report also cover future outlook by revenue, fleet size and weighted average pricing of vehicle leasing services annually, future segmentation by regions and by end user along with vendor type and analyst recommendations.

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/costa-rica-car-rental-market/194093-100.html
The report titled provides a comprehensive analysis on the Car Rental, leasing, cab aggregator, red tax segments’ Business Models, Competition Scenario, market share of major players, segmentation, Regulatory Environment, Trends and Developments, Issues and Challenges. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions. Costa Rica Car Rental industry revenue has grown at a positive CAGR during the period 2012-2018. This growth was supported by the increase in the number of internet users, rising urban population, government initiatives to promote sustainable tourism and rise in the disposable income. The market faces challenge from the local transportation available in the country, consistent crimes and conditions of the roads.

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/saudi-arabia-vehicle-leasing-market/143546-100.html
Saudi Arabia Car Leasing market include the sum total of contract value generated from the LCVs (including light trucks upto 10 ton) and passenger vehicle leasing to retail and corporate customers for a period of more than 1 year. The leasing fleet provided by car rental and car dealer companies has been considered. The contract value has been computed on an accrual basis. For instance, if a contract is signed for a period of three years, then in a particular year only the one year contract value has been considered. The report provides a comprehensive analysis of the long term car leasing market in Saudi Arabia. The report covers various aspects such as overall market size of Saudi Arabia long term car leasing market in terms of fleet and revenue, average contract value segmentation on the basis of end users (logistics, FMCG & Home Delivery, Construction, Oil & Gas Sector, Government sector and others), by regions (Central, Western, Eastern, Northern and Southern region), by category (Premium/Luxury, Pickup and Cargo Cars, Medium Category, Small Category Cars), by players (car rental companies and car dealers on the basis of fleet size). The report also covers car rental and leasing eco-system basis demand side and supply side, trends and developments, regulatory scenario, competitive landscape of leading players (Budget, Hanco, Best Rent A Car, Theeb Rent A Car, Shary Rent A Car, Avis, Auto World, Hertz, Key Rent A Car and Samara). The report provides market share of major car dealers, car leasing fleet by car category, competition success factor, market leader case study and key operation metrics along with future outlook and projections

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/russia-car-rental-market/142799-100.html
The report provides a comprehensive analysis of car rental market introduction and genesis, market size by revenue and by fleet, chauffer driven car rental market, App based cab aggregator market, self drive car rental market. The report also provides data points on Russia Car Rental market by type (Chauffer driven car rental and taxi service, app based cab aggregator and self driven car rental), by region (Moscow Region, St. Petersburg Region, Cities with Population more than 1 million, Cities with Population Between 0.5-1 Million and Others), by on air port and off airport, App based taxi aggregator by type of car (budget, comfort and executive), Self drive car rental by type of booking (online and offline), by type of demand (business, leisure and insurance replacement) along with company profile of major players in Chauffer driven car rental (Lingotaxi, Logitaxi, Kiwitaxi, Maxim, Vezyot, Citymobil), Self drive car rental company (Hertz, Avis, Europcar, Sixt, EleksPolys, Delimobil, Belka car and Other), App Based Cab aggregator (Yandex, Gett, Altocar, Indrive, and Wheely). The report also covers SWOT analysis, Rules and regulation, snapshot on Karshering and Illegal taxi (Gypsy cabs) along with analyst recommendation and macroeconomic variables.

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/vietnam-car-rental-market/137557-100.html
The report focuses on the organized and unorganized, chauffer driven and non-chauffer driven car rental segments. The report covers aspects such as car rental market by its key segments including off-airport and on-airport demand, corporate and retail clients, and demand by major regions. The publication also includes competitive landscape, which discusses the major market players along with the detailed discussion about the organizations and their respective market share. The reports also provides in depth analysis of the cab aggregator market including detailed company profiles of the stakeholders. Furthermore, the report includes snapshots on carpooling market, bike, bus, van and coach rental market in Vietnam. The future analysis of overall Vietnam Car Rental Market has also been discussed along with recommendations from analyst view.

Contact Us:
Ankur Gupta, Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

This release was published on openPR.